Fifth Generation Systems Takes $5.3 Million Series B

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Fifth Generation Systems, the company behind social homepage creator Zude has taken $5.3 million Series B in a round that includes Irwin Lieber and Barry Rubenstein of Wheatley Partners, Persistency Capital, and Gund Investment.

Zude offers a “social webpage network” that allows users to create their own personalized webpage from modules that hold personal content or clips grabbed from the web. Each module can be placed anywhere on the canvas, edited, layered, and have its transparency adjusted.

As part of the deal, Dan Bricklin, co-creator of VisiCalc, and Barry Rubenstein of investment firm Wheatley Partners, will join the Fifth Generation Systems’ board of directors.

Roslyn Heights, NY based Fifth Generation Systems said they would use with new round to accelerate product development and expand its user base.